Reuters Africa reported that the competition regulator in South Africa wants ArcelorMittal South Africa (OTC Pink:ARCXF) and Evraz Highveld Steel and Vanadium Ltd. (OTC Pink:HGVLY) to be fined for price fixing.
Mining Weekly reported that South Africa is studying what could be the first plant with benefitiation capability for titanium, zirconium, vanadium, magnesium and silicon.
Bloomberg reports that South Africa is considering the development of a large metal processing factory that would require billions in investment but create thousands of jobs.
International Business Times reports that some are criticizing the push to nationalize South Africa’s mines. The article states that: South Africa possesses nearly 90% of the platinum metals on Earth, 80% of the manganese, 73% of the chrome, 45% of the vanadium and 41% of the gold. To read the full article, click here.
Demand for vanadium redox flow batteries has grown, especially as an energy storage technology complimentary to renewable energy generation.
Vanadium prices have stablized in the first week of February, even as exploration companies report exciting new finds.
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